RBA's Kent says recent data reinforce need to be vigilant to upside inflation risks- Reserve Bank of Australia Assistant Gov Kent: Range of measures shows monetary policy is restrictive.
- RBA's Kent: Policy contributing to slower growth of demand, lower inflation.
- RBA's Kent: Recent data reinforced need to be vigilant to upside inflation risks.
- RBA's Kent: Hence, not ruling anything in or out for interest rates.
- RBA's Kent: Cash rate is above our range of estimates of the nominal neutral rate.
- RBA's Kent: Financial conditions are particularly restrictive for households.
- RBA's Kent: Conditions restrictive for smaller businesses, less so for larger.
- RBA's Kent: Mortgage payments at record 10% of household disposable income.
- RBA's Kent: Higher rates provide incentive for all households to save more and borrow less.
This article was written by Arno V Venter at www.forexlive.com.
Source: RBA's Kent says recent data reinforce need to be vigilant to upside inflation risks (https://www.forexlive.com/news/rbas-kent-says-recent-data-reinforce-need-to-be-vigilant-to-upside-inflation-risks-20240625/)
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